Market Watch

David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. getty In 2017, the Tax Cuts and Jobs Act was signed into law by then-President Trump. This landmark bill reduced the top tax bracket from 39.6% to 37%, increased standard deductions and reduced the corporate tax rate from 35% to 21%. The TCJA also allowed for immediate expensing of certain assets, also known as “bonus depreciation” through the end of 2022. To pass the bill, the Senate had to utilize a process called reconciliation. At the time of passage, Republicans held a slim majority in the Senate and needed to utilize reconciliation to get around the filibuster. To meet Senate budgetary rules, some major portions of the TCJA were scheduled to phase out or expire completely. While many policy writers expected these provisions to be extended, Congress was not able to pass these extensions. This led to many changes to the tax code affecting 2022 business returns. The biggest two changes are the amortization requirement of Section 174 and the changes to Section 163(j). Amortizing Section 174 Expenses The requirement to amortize 174 expenditures is getting the most attention. […]

Click here to view original web page at www.forbes.com

UConn’s ‘Swifties’ to explore how their idol’s business acumen drove her musical success Richmond Le ’23 (left) and Joe Stone ’23, co-presidents of UConn’s Club (Taylor) Swift fire up the crowd of Swifties at a previous meeting. On Wednesday, the group will invite business professor Sami Ghaddar in to discuss how Swift’s brilliant business strategies have contributed to her meteoric success (Photo courtesy of Allison Ribardo ’22). Superstar Taylor Swift may have exceptional musical talent and a legion of devoted fans, but, a UConn scholar argues, it is her nearly flawless business strategy that has fueled her path to superstardom. “Talent only gets you so far,’’ says Sami Ghaddar, a School of Business professor who specializes in business strategy. “I would say that Taylor Swift is a very savvy businessperson. “In an industry where rivalry is intense, it requires well thought-out and prudent decisions to reap the rewards that she has. Taylor Swift is a person; but Taylor Swift is also a business.’’ Ghaddar will be the guest speaker at UConn’s Club (Taylor) Swift event at 7:30 p.m. Wednesday, March 1 in Room 215 at the School of Business. The program is titled “Taylor’s Turnaround: An Anti-Hero in the […]

Click here to view original web page at today.uconn.edu

getty Rapid innovation is necessary, which increases the influence of emerging technologies. Products and services could become more broadly accessible and straightforward with technologies like artificial intelligence (AI), robotics, the Internet of Things (IoT), blockchain, cybersecurity and big data. More importantly, these technologies can assist businesses in implementing significant organizational changes that can increase revenue and differentiate them from their competitors. Nearly 70% of enterprises worldwide will employ AI technology of some kind by 2030 when paired with other emerging technologies. Emerging technologies continue to impact how enterprises run in a world where digital solutions are the norm. These technological advancements are excellent since they improve our productivity, enhance access to services and simplify operations in general. They frequently push us, though, to alter our established business practices to channel resources and enable growth. In this article, we’ll look at why it’s become so important for business leaders and entrepreneurs to reconsider how to use emerging technologies. Automate Where Viable Not every organization knows how to proceed smartly and timely as it takes many hours to properly complete repetitive and labor-intensive jobs. Business executives currently must assess their processes in order to build the fundamental components of their ecosystems. […]

Click here to view original web page at www.forbes.com

Fisker provides Q4 2022 and full-year 2022 financial results with updates on Fisker Ocean supply chain, homologation, EPA and WLTP testing, reservations, cash balance, and 2023 forecast seeing a positive EBITDA for the year. Fisker Ocean with Blue Planet exterior. Fisker announced its Q4 2022 and full-year 2022 financial results , which exceeded expectations. The company spent $702 million in 2022, below its anticipated range, and had a cash balance of $736 million at the year-end, higher than expected. Fisker Ocean reservations and orders have increased 2k increase since eCarExpo to approximately 65,000 as of February 24, 2023. The homologation testing is progressing well, and consumer deliveries are expected to begin soon after certification is received. The company has built 56 vehicles since SOP and has provided 2023 forecasts to suppliers, placing firm orders for components for the first 300 vehicles. Fisker has also initiated 2023 non-GAAP SG&A, R&D, and capital expenditure guidance at $535-$610 million. The company forecasts 8-12% annual gross margin and potentially positive EBITDA for the year. Overall, Fisker management answered most of our 20 questions we prepared earlier this month. Message from Henrik Fisker’s… “Thank you to all our stakeholders, teams, and partners for the […]

Click here to view original web page at fiskerati.com

By Dominic Chopping Nokia on Sunday launched a brand refresh as the company moves to shed its traditional consumer image and shift to a business-to-business brand. The Finnish company said it aims to continue growing market share with telecom service providers, and will now double down on expanding its share of technology sales to businesses as digital technology within industry grows. "A significant part of the world still, for understandable historical reasons, sees us as a consumer brand. We need to change that perception and shift focus on to the Nokia of today," Nokia Chief Executive Pekka Lundmark said at the Mobile World Congress in Barcelona. A rebrand of the company’s logo is intended to reflect Nokia’s current identity within business technology, and help its drive to gain enterprise customers, Mr. Lundmark added. "It’s time to claim the space we already lead in, and reframe how our customers and partners view us, as a B2B technology innovation leader realizing the potential of digital in every industry," he said. Write to Dominic Chopping at dominic.chopping@wsj.com (END) Dow Jones Newswires 02-27-23 0802ET Full-screen chart

Click here to view original web page at www.marketscreener.com

Photo: ©JHVEPHOTO — STOCK.ADOBE.COM MEXICO CITY — Capital expenditures by Grupo Bimbo SAB de CV could reach $2 billion in 2023, up as much as 67% from 2022 and double spending of $1 billion in 2021, company executives said. Guidance for capital spending this year and the reasons for the increase were among numerous weighty topics discussed in a Feb. 22 earnings call. Boosted by a massive reversal of the company’s multi-employer pension plans (MEPPS) liability provision, Grupo Bimbo net income and operating income of the company’s North American business were sharply higher in 2022. The liability reversal was recorded in the fourth quarter of the year and gave Bimbo a non-cash benefit estimated at 14.4 billion pesos ($734 million). Daniel Servitje called 2022 “a remarkable year with historic financial performance.” Record sales and EBITDA equated to 10% and 12% 10-year compounded annual growth rates, respectively, he said. He said the company achieved volume gains in all global geographic regions. “We saw market share gains in most categories, made record Capex investments of $1.2 billion, fine-tuned our strategic focus on grain-based foods after selling Ricolino , invested in and grew our brands successfully, turned around Argentina and Brazil and […]

Click here to view original web page at www.foodbusinessnews.net

Getty getty For an entrepreneur considering business expansion, creating a solid business plan is essential to making informed decisions and minimizing costly mistakes. A well-crafted plan can help clarify goals, identify potential obstacles and outline the steps needed to achieve success. A business plan can provide a solid roadmap for your expansion plans, but It’s important to do things like conduct thorough research, set realistic goals and regularly review and update the plan first. In doing so, entrepreneurs can identify potential risks and opportunities and make informed decisions that support long-term growth and sustainability. Below, 16 experts from Forbes Business Council share their best advice for business owners who want to leverage their business plan to guide expansion decisions. 1. Conduct A Test Before Doing A Full-Scale Rollout Test the plan with a small implementation before the full-scale rollout. Try to identify or develop a sampling that will be a close representation of your actual conditions and environment. Identify and fix issues, and also seek opportunities for improvement. Once these are accomplished, fully implement the improved plan. – Ferris Ayar , Astute Group LLC 2. Create A Clear And Thorough Plan It is important to keep in mind that […]

Click here to view original web page at www.forbes.com

In addition to economic challenges and the lingering impacts of the pandemic, small businesses are grappling with shifting consumer expectations, labor shortages, supply chain disruptions and increased catastrophe activity. (Downtown Provo, Utah/Sean Pavone 2020/Adobe Stock) Economic uncertainty is top of mind for all businesses but especially for small business owners, many of whom are taking a close look at all of their expenses, including insurance. Emerging from the pandemic, the economic climate remains volatile, with near double-digit inflation and rising interest rates hitting small businesses particularly hard. According to Nationwide’s recent Agency Forward survey of business owners , most small business owners have a pessimistic outlook on the direction of the overall U.S. economy. But 72% expect conditions for their own business to be favorable in 2023, says J.J. Perez, president of Nationwide Corporate Solutions. More than half of small businesses (58%) indicated they struggle with managing the impacts of inflation on their business, and about two-thirds (68%) believe inflation will have an even greater impact on their business in 2023. With a potential recession looming , businesses need to consider how a stock market crash, long-term inflation or interruptions to their cash flow would impact their ability to […]

Click here to view original web page at www.propertycasualty360.com

GAITHERSBURG, Md. (February 27, 2023) – Sodexo, a global food services and facilities management leader, is proud to announce its recognition as a 2023 America’s Top Corporation for Women’s Business Enterprises by the Women’s Business Enterprise National Council. The 2023 America’s Top Corporations for WBEs award honors those corporations that have demonstrated a continuous and growing commitment to creating business opportunities for women-owned businesses within their supply chains. This is the third year Sodexo has won this prestigious award. Sodexo is honored to be recognized as one of WBENC 2023 America’s Top Corporation for Women’s Business Enterprises, SVP and CPO Supply Management, Sodexo North America Dave Kourie said. We recognize the importance and commitment to the inclusion of women-owned businesses toward our diversity goals. We appreciate WBENC’s partnership and collaboration with us, as well as their support to certify these women entrepreneurs and business owners. We look forward to continuing to work together to fuel the growth of women-owned businesses in the coming years. Currently, Sodexo partners with nearly 3,400 diverse and small businesses, including vendors that are Black, Hispanic, Asian, Indigenous, women, service-disabled veterans, LGBTQ+ or people with disabilities-owned across the U.S. As part of Sodexo’s Better Tomorrow […]

Click here to view original web page at us.sodexo.com

CEO of Smartlink Communications . Global analyst, consultant and trainer, passionate about leadership, global communications and competition. getty As Richard Haas, formerly the chief of the Council on Foreign Relations, wrote in 2016 in Project Syndicate, "People are missing much of what is going on in Latin America – and much of what is going on is good." From my perspective, Latin America looked good, if not spectacular, at many points in history as well. Yet, Latin America has also experienced challenges. For example, 1820 to 1870 has been described as " decades of ‘lost growth.’ " Afterward, between 1870 and 1970, Latin America grew economically, as it was less affected by the world wars than either Europe, Asia or North America. However, by the 1980s, the debt crisis had been set in motion. Later, during the 1990s and early 2000s, Chinese development helped create the commodity super cycle just as the information revolution was sweeping over the region (download required). This helped improve decades of sluggish total factor productivity growth . But, as I learned from Francis Fukuyama in Falling Behind , per capita income for Latin America in comparison to the United States has fallen over the […]

Click here to view original web page at www.forbes.com